"Preface Second Edition The first edition of this book appeared eight years ago. Since then the banking industry experienced a lot of change and challenges. The most recent financial crisis which started around May 2007 and lasted in its core period until early 2009 gave rise for a lot of...

Risk management has become virtually as important as portfolio construction and asset selection, more so after the financial crisis of 2008-2009. Those who understood the fine art of risk management survived the wreckage of the markets; those who depended entirely on risk modeling suffered...

"An in-depth look at the tools and techniques professionals use to address financial risksRisk and uncertainty, as Allan Malz explains in his ground-breaking new book, are two completely different concepts. Risk is a quantifiable uncertainty that can be modeled, while uncertainty defines...